Welcome to our dedicated page for Xpeng news (Ticker: XPEV), a resource for investors and traders seeking the latest updates and insights on Xpeng stock.
XPeng Inc. (XPEV) is a leading innovator in smart electric vehicles, integrating advanced autonomous driving systems with AI-powered mobility solutions. This dedicated news hub provides investors and industry observers with essential updates on XPeng's technological advancements, market strategies, and operational milestones.
Access authoritative coverage of XPeng's quarterly financial results, vehicle technology breakthroughs, manufacturing expansions, and strategic partnerships. Our curated collection includes official press releases about new model launches, software updates for XPeng's Navigation Guided Pilot system, and international market entries across Europe and Asia.
Stay informed about developments in XPeng's full-stack autonomous driving research, battery technology innovations, and smart manufacturing processes. The resource is particularly valuable for tracking the company's progress in ADAS capabilities and its competition within the global smart EV sector.
Bookmark this page for streamlined access to XPeng's latest business updates, regulatory filings, and leadership announcements. Regularly updated content ensures you maintain current awareness of this dynamic company's position in the evolving electric vehicle industry.
XPeng Inc. (NYSE: XPEV) has announced being the first automaker to implement Amap’s 3rd-generation in-car navigation system in its P7 Smart EV sedan. This system features a Surrounding Reality (SR) display for enhanced navigation and assisted autonomous driving. Amap, which boasts over 570 million monthly active users, provides high-precision maps covering 300,000 kilometers of roadways, facilitating advanced lane-level navigation. The Navigation Guided Pilot (NGP) function minimizes driver intervention, reporting an impressive 98.65% success rate in lane changes and overtaking during beta tests.
XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, has launched the beta version of its NGP (Navigation Guided Pilot) highway autonomous driving solution during media road tests in Guangzhou. This anticipated feature will be available in the XPILOT 3.0 package on the XPeng P7. The NGP offers improved safety and navigational capabilities, including speed limit adjustments and lane changes. With extensive road testing, it is designed to tackle China's unique driving challenges. The full launch is set for an OTA upgrade before the Chinese New Year in February.
XPeng Inc. (NYSE: XPEV) has signed a strategic cooperation agreement with domestic banks, securing a credit line of RMB12.8 billion. The agreement, which involves five major banks, will enhance XPeng's business operations, manufacturing, and sales capabilities by optimizing cash management and cost control. This partnership underscores the company's robust growth potential, following a successful $900 million pre-IPO and $1.7 billion IPO in 2020. The company has also expanded its sales and service network significantly, with plans to launch a new Smart EV sedan in 2021, showcasing its commitment to technological advancement.
Xpeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, reported record vehicle deliveries for December 2020, achieving 5,700 units, a 326% increase year-over-year. The fourth quarter saw total deliveries of 12,964, marking a 303% increase from the previous year. Xpeng's total deliveries for 2020 reached 27,041, up 112% from 2019. Key contributors to this growth include enhanced brand awareness and expanded service initiatives across China.
Xpeng Inc. (NYSE: XPEV) has commenced deliveries of its G3 smart electric SUVs in Norway, with 100 units reaching customers across 28 cities. This marks a pivotal step in Xpeng's international expansion strategy, primarily targeting mature EV markets. The G3 starts at 358,000 NKr (approx. $41,000) and boasts advanced features, a certified range of 520km, and a high safety rating. CEO He Xiaopeng emphasized the significance of this launch in light of increasing global demand for sustainable transport. Xpeng aims to introduce its P7 electric sedan in Europe within the next year.
Xpeng Inc. (NYSE: XPEV) announced that its P7 super-long range sports sedan received the prestigious Car of the Year 2021 title from the Xuanyuan Awards on December 13. The P7 was evaluated among 40 competing models over four months by industry experts, recognized for its superior human-car experience, innovative software capabilities, and cutting-edge technologies. As Xpeng's second production model, it is notable for being the first L3 autonomy-ready production vehicle in China, featuring a NEDC driving range of 706 km and a 0-100 km/h acceleration time of just 4.4 seconds.
XPeng Inc. (NYSE:XPEV) has successfully closed its underwritten follow-on offering of 55,200,000 American Depositary Shares (ADSs) at $45.00 each, generating approximately $2.5 billion in gross proceeds. The offering included the full exercise of underwriters' options for an additional 7,200,000 ADSs. The funds will be utilized for research and development of Smart EV technologies, marketing, expansion of sales channels, and potential strategic investments. Notably, the Company's registration statement was declared effective by the SEC.
XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, has priced its underwritten follow-on offering of 48,000,000 American Depositary Shares (ADSs) at $45.00 each, aiming for gross proceeds of approximately $2.2 billion. The offering may close on December 11, 2020. Funds will be utilized for research and development of Smart EVs, marketing expansion, strategic tech investments, and general corporate purposes. The joint bookrunners for the offering include major financial firms such as Credit Suisse and J.P. Morgan.
XPeng Inc. (NYSE: XPEV) announced an intention to offer 40,000,000 American Depositary Shares (ADSs), each representing two Class A ordinary shares, in an underwritten public offering. Underwriters have a 30-day option to purchase up to an additional 6,000,000 ADSs. Proceeds will support the development of Smart EVs, marketing efforts, and strategic investments in core technologies. Credit Suisse, J.P. Morgan, BofA Securities, and Citigroup are joint bookrunners. The registration statement for this offering is filed with the SEC and is not yet effective.
Xpeng Inc. (NYSE: XPEV) reported vehicle deliveries of 4,224 Smart EVs for November 2020, a remarkable 342% year-over-year increase. This includes 2,732 deliveries of the P7 sports sedan and 1,492 of the G3 compact SUV. Year-to-date deliveries reached 21,341 units, marking an 87% increase from the previous year, with 11,371 P7s delivered since mass delivery began in June 2020. Xpeng focuses on technology-driven Smart EV transformation and develops its own autonomous driving technology and operating systems.
